We have been tasked to do a date of death and deceased estate for a client. During our checking process we have discovered the clients past information provided for their overseas pension was incorrect. We believe they were telling us the money they transferred into Australia and not the money they actually earned. We believe this to be an honest mistake as they didn't truly understand how the rules applied to o/s pensions. Our concern is when we lodge the last return and the estate item 20 is going to be quite a bit different, so we are concerned this may trigger an audit leaving the Executor with a bill in the future.
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887 views
1 replies